Calculate weighted mean cost of this raw material

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Problem

Purchase of Raw Material: Consider the following sample of five purchases of a raw material over a period of three months: Calculate weighted mean cost of this raw material. Get the instant assignment help.

Number of Pounds   Data Purchase      Cost per Pound ($)
1    3 1300
2 3.4 600
3 2.8    3000
4 2.9 1200
5    3.25 900

Reference no: EM133928474

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